The Public Sector Pension Investment Board (PSP Investments) and ATL Partners (ATL) have announced their jointly owned portfolio company, Sky Aviation Leasing International L.P., has entered into a definitive agreement to sell Irish subsidiary Sky Aviation Leasing International Limited (SALI to Goshawk Aviation Limited, the companies said.
Goshawk Aviation Limited is owned by Chow Tai Fook Enterprises Limited and NWS Holdings Limited (HKG: 659).
Following the completion of this transaction, PSP Investments and ATL will continue to own SKY Leasing, which, through its entities based in the United States, will continue to act as servicer to aircraft owned by various securitization vehicles.
Morgan Stanley & Co. LLC acted as exclusive financial advisor and Gibson Dunn, Maples and Calder, and Vedder Price acted as legal advisors to SKY Leasing. Weil, Gotshal & Manges acted as legal advisor to PSP Investments.
The Public Sector Pension Investment Board is one of Canada´s largest pension investment managers with CDN 153 billion of net assets as of March 31, 2018. It manages a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and private debt.
ATL Partners makes private equity and certain preferred securities or debt investments in the aerospace, transportation and logistics sectors principally in North America.
SKY Leasing is a premier aircraft leasing company headquartered in San Francisco.